New Delhi: Rubbishing all allegations against Finance Minister Arun Jaitley as baseless in the DDCA issue, BJP president Amit Shah on Monday said the party would not let the AAP succeed in its conspiracy to tarnish Jaitley’s image.
All allegations on Arun Jaitley are baseless and away from truth. The entire BJP is standing by his side as a unit.
Stating that such a move of the Arvind Kejriwal-led Aam Aadmi Party (AAP) would not be allowed to succeed, Shah said: “If AAP feels that with such ill-intended moves if would be able to tarnish his image, it would be like living in reveries.”
Arun Jaitley ji has led his entire public life based on high standards and principles.
Shah also said attacking the senior BJP leader would harm AAP in the long run.
It is being alleged the Delhi and District Cricket Association (DDCA) gave out contracts to fake companies, paying them crores of rupees in cash, and had fudged the audit of accounts.
Kirti Azad, a former cricketer-turned- BJP MP, demanded a time-bound probe in the major financial bungling for years in DDCA by a court-monitored Special Investigation Team.
Jaitley on Monday filed a defamation suit against Kejriwal and sought Rs 10 crore in damages for accusing him of corruption when he headed the DDCA. (IANS)(Picture Courtesy:india.com)
With the fussy mania of Bitcoin going around and past, your eyes and ears, in the news and peer discussions, you must be having some basic questions about it: What is bitcoin? Is it legal? How can I get it? But most of all, you must be thinking, ‘Is investing in Bitcoin safe?’
Bitcoin is the first ever cryptocurrency that existed, it was invented in 2009 by Satoshi Nakamoto.
Cryptocurrencies are nothing but computer codes that have monetary value. No Government has any control over them.
Bitcoins ‘self-contain’ their value i.e. there’s no need for any bank to move or store the money.
Bitcoin currency is completely unregulated and decentralized.
Bitcoins are mined, and they can be mined by anyone in the general public who has a strong computer. However, only 21 billion of bitcoins in total can be mined. Currently, there are around 11 million in circulation.
Bitcoin has no underlying physical monetary base to support its value, and it is totally subject to its demand in the market.
What are the risks?
Low demand: India has not legitimized bitcoin, hence investment returns are totally based on demand i.e. you get your return only if there is another buyer in the market who is ready to pay you more for it. Currently, the high-value of the digital currency owes to its high demand, but once people start selling, there is a possibility that rates will drastically fall.
Unregulated: There is no bank or government tax agency that can track your money and its movement. Hence, it can become a tool for money laundering.
Irreversible transactions: There is no insurance protection of your bitcoin wallet i.e. if you lose your wallet’s hard drive data or even your password, your wallet’s content is gone forever.
Finance minister Arun Jaitley highlighted in a statement that cryptocurrencies are not legal tender and have no regulatory permission or protection in the country.
However, there was no announcement banning or imposing any curbs on the same. The government panel is also awaiting a report on tackling cryptocurrencies in India, Jaitley said.
The government has recently cautioned investors to be wary of virtual currencies like bitcoin, saying they are like Ponzi schemes with no legal tender and protection.
“One of the features of cryptocurrency is that there is lack of dependence on the state. It functions with a degree of anonymity. It operates within a virtual community which is created and enjoys the trust of that virtual community,” Finance Minister Arun Jaitley told the Rajya Sabha.
“The government is examining the matter. A Committee under the chairmanship of the Economic Affairs Department Secretary is deliberating over all issues related to cryptocurrencies to propose specific actions to be taken… Instead of taking any knee-jerk action, let’s wait for the report of this committee.” Jaitley added